Loading ...Selling real property? Think twice.
https://threadreaderapp.com/thread/1402434266970140676.html
Gov’t prints money and benefiting Davos crowd buys up all the real assets.
How does this not lead to a feudal system….? “You will own nothing and be happy”
Yes, this entire thing stinks to high heaven. I’ve been scoping out houses all over the US and the markets are insane just about everywhere. Our area in Colorado Springs is going nuts with almost no inventory. Weird thing this week…My mortgage company was calling several times a day because my payment was 4 days “late”. WTF? The statement has always had a 15 day grace period and I’ve never been late in 7 years. Makes me think this is another part of their little reset plan, start to push foreclosures big time and count people as late in their payments, etc. Also, jack up property taxes & home owners insurance to put the squeeze on even more so they can force owners to sell or be foreclosed on
Another disincentive in Canada is the second home tax for a property you use less than half the year.
WOW !
THANKS YYZ…INCREDIBLE
BUT …I have a question
all these fortunate people who are selling their homes at a 20 to 40% premium are making our alright eh ?
And they are the middle class too !
They can turn around and relocate and buy a similar home somewhere else where the banks are not in the market and keep the change….right ?
I am no expert but I don’t think the Great reset works this way.
The way it works is the crash the system and then forgive the debt you have on a depreciating asset…in exchange for a commitment that you never buy again.
Over leveraged households are vulnerable to this …but those with cash and or no mortgage will do fine
Just speculating here…wtf do i know
FGC, I have no inside track on this development but I’m seeing more and more data points supporting this idea of an orchestrated buy up of distressed (formerly prime) properties.
I have a relative in Boise who sold a home and repurchased and over the nearly 7 month process, the move-in local residences had increased in price by $75k (that’s an inflation loss no matter how she looks at it – inflation that was NOT ACCIDENTAL nor is going to cease any time soon – and she’s now leveraged up again (+risk not too smart IMO). Additionally the people moving are likely getting out of the city (formerly prime real estate) and going rural. I recently watched a video on the destitute situation on Venice Beach – despicable. Local business’ driven out, homeless move in, property value getting crushed (and the stock market hasn’t even burst yet) – I think Pelosi and her Davos friends and some Gov’t entities will swoop in buy that PRIME (urban) real estate for pennies on the dollar and possibly one day remove public access for their own designs (not to mention 2020’s BLM and ANTIFA riots surely didn’t improving property values) – the NWO – WEF orgs are playing the longer-game I think. Just like Germany now owns big chunks of Greece’s infrastructure (bought it at fractional value because of that crisis a few years ago – Germany effectively controls the EU – so too will the global power elite buy up CAN and US prime real estate. Consider also why Bill Gates is the number one owner of US farmland. Not accidental. Yes I agree debt ‘forgiveness’ in exchange for renter servitude is another means of achieving the same outcome. It probably won’t be a complete take over but it will likely result in a sizeable percentage of prime property control and consolidation in the hands of a few. The US and CANADA is being carved up and served to non-sovereign interests, but like you said wtf do I know.